Upswing Fitness
Early Stage
The ultimate trainer-led online fitness community and marketplace
Overview
Raised: $67,500
Total Commitments ($USD)
Platform
Wefunder
Start Date
05/30/2022
Close Date
09/30/2022
Min. Goal
$50,000
Max. Goal
$250,000
Min. Investment
$100
Security Type
SAFE
Series
Pre-Seed
SEC Filing Type
RegCF
Valuation Cap
$30,000,000
Discount
20%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/01/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$553
# of Investors
21
Momentum
Funded
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Year Founded
2020
Industry
Fitness & Wellness
Tech Sector
MarketplaceTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Upswing Fitness, with a valuation of $30 million, is raising funds on Wefunder. The company has developed a SaaS platform that empowers fitness trainers and gyms with online tools to scale their businesses. It is a social platform for wellness leaders and their communities and helps fitness creators monetize their content and following. Upswing Fitness connects creators to consumers and works on a high-growth and low-overhead model. Shaun Ziegler and Chris Putsch founded Upswing Fitness in November 2020. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $250,000. The campaign proceeds will be used for product and technology, sales and marketing, and general and administrative operations.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$1,544 |
$1 |
|
COGS |
$111 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-129,307 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$272,006 |
$1,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$682,519 |
$1,000 |
|
Short-Term Debt |
$241,193 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$241,193 |
$0 |
Financials as of: 05/30/2022
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